Nonferrous RSS

  • FNX spinning off three nickel properties to INV Nov 12, 2007

    International Nickel Ventures Corp. (INV), Toronto, has agreed to acquire three of FNX Mining Co. Inc.’s nickel assets in northern Ontario in exchange for 2.9 million shares of INV stock, the companies said Monday.

  • Workers exposed to danger at Cananea report Nov 12, 2007

    Workers at Grupo Mexico SA de CV’s Cananea copper mine in Sonora, Mexico, have been exposed to “serious health and safety violations,” including toxic dust, according to a report released Monday.

  • Grupo Mexico offers $300M to bail out Asarco Nov 12, 2007

    A division of metals producer Grupo Mexico SA de CV said it is willing to invest $300 million to help finance subsidiary Asarco LLC’s exit from bankruptcy.

  • Jamalco ramps up, ships first cargo in months Nov 12, 2007

    Alcoa Inc., Pittsburgh, has restarted the second digester at its 1.4-million-tonne-per-year alumina refinery joint venture in Clarendon, Jamaica.

  • Alcoa Defense awarded Navy design contract Nov 12, 2007

    Alcoa Defense, a unit of Pittsburgh-based Alcoa Inc., has been awarded a contract by the Carderock division in West Bethesda, Md., of the U.S. Naval Surface Warfare Center for design and engineering services for the Navy’s Littoral Combat Ship (LCS) and other vessels.

  • Rio Tinto Alcan selling European service center business to Amari Nov 12, 2007

    Rio Tinto Alcan, Montreal, is selling most of its European service center operations to an affiliate of Amari Metals Ltd., a privately owned company based in Surrey, England, with a large distribution business in Europe.

  • Novelis logs $13M profit in latest quarter Nov 12, 2007

    Novelis Inc., Atlanta, swung to a second-quarter profit of $13 million on sales of $2.8 billion mainly on the strength of an income tax provision as the company adjusted to the fiscal year of its new owner, Hindalco Industries Ltd., Mumbai, India.

  • Jamalco ramping up to full production, ships first cargo Nov 12, 2007

    Alcoa Inc., Pittsburgh, has restarted the second digester at its 1.4-million-tonne-per-year alumina refinery joint venture in Clarendon, Jamaica.

  • Alcoa unit gets contract from U.S. Navy Nov 12, 2007

    Alcoa Defense, a unit of Pittsburgh-based Alcoa Inc., has been awarded a contract from the Naval Surface Warfare’s Carderock division in West Bethesda, Md., for design and engineering services for the Navy’s Littoral Combat Ship (LCS) and other naval vessels.

  • Grupo Mexico offers $300M to help bail out Asarco Nov 12, 2007

    A division of metals producer Grupo Mexico SA de CV said it is willing to invest $300 million to help finance subsidiary Asarco LLC's exit from bankruptcy.

  • Peruvian miners suspend strike to hold talks Nov 09, 2007

    Peru's National Federation of Mining, Metallurgy and Steel Workers (FNTMMS) has suspended its nationwide strike for eight days in order to have meetings with government officials about its demands, Jesus Castillo, regional secretary for the federation, said Friday.

  • Copper slammed by slack demand, rising stocks Nov 09, 2007

    Copper futures continued to lose ground Friday as concerns grow over softening demand that has forced inventory levels higher.

  • Fimat looks to upgrade LME status, change name Nov 09, 2007

    Fimat International Banque SA has applied to the London Metal Exchange to upgrade its membership status to Category I ring dealer from Category IV and to change its listed name to Newedge Group, the exchange said in statement Friday.

  • Apex posts third-qtr. loss as San Cristobal ramps up Nov 09, 2007

    Apex Silver Mines Ltd. posted $151.9 million of red ink in the third quarter following a loss related to its metals derivative positions.

  • Magnesium suppliers cease making ’08 deals Nov 09, 2007

    U.S. consumers looking to lock in magnesium supplies for next year will have to look to the spot market or overseas as the country’s only producer and one of its largest suppliers have closed their books on 2008 contract sales, market sources said.

  • Alcan profits tumble in last independent report Nov 09, 2007

    Third-quarter net income at aluminum producer Alcan Inc. fell to $180 million from $453 million in the third quarter of last year in the wake of a weakening U.S dollar and increased input costs.

  • Ball to build beverage can plant in India Nov 09, 2007

    Ball Corp., Broomfield, Colo., plans to build a beverage can manufacturing plant in India near Aurangabad in the state of Maharashtra.

  • Workers getting a clearer picture of Xstrata’s Sudbury Basin plans Nov 09, 2007

    Xstrata Plc is considering swapping property assets with CVRD Inco Ltd. to ease the transportation of ore and modernize equipment as part of their plans to work together in the Sudbury Basin, according to Hemi Mitic, assistant to the president of the Canadian Auto Workers union.

  • US magnesium suppliers cease inking ’08 deals Nov 09, 2007

    U.S. consumers looking to lock in magnesium supplies for next year will have to look to the spot market or overseas as the country’s only producer and one of its largest suppliers have closed their books on 2008 contract sales, market sources said.

  • Emirates Aluminium names three to top posts Nov 09, 2007

    Emirates Aluminium (Emal), a joint venture between Dubai Aluminum Co. Ltd. (Dubal) and Mubadala Development Co., has named Duncan John Hedditch chief executive officer.

  • Copper hit by slack demand, stock rise Nov 09, 2007

    Copper futures continued to lose ground Friday as concerns grow over softening demand that has forced inventory levels higher.

  • Ball to construct beverage can plant in India Nov 09, 2007

    Ball Corp., Broomfield, Colo., plans to build a beverage can manufacturing plant in India near Aurangabad in the state of Maharashtra.

  • BHP makes another pass at Rio, gets slapped again Nov 08, 2007

    BHP Billiton will continue to press Rio Tinto to accept a $140-billion takeover proposal although its overtures already have been rejected twice, the world's largest mining company disclosed Thursday.

  • Copper buyers loath to lock in ’08 premium Nov 08, 2007

    U.S. copper consumers are holding off signing contracts for cathode next year as demand forecasts for manufactured copper-based products soften and copper on the futures markets tumble, according to traders.

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